English Blogactiv Posts - EU Blog Platform

The specifics of the local currency market in Ukraine is that the population has approximately 87 billion of cash currency in their hands, as a rule, – US dollars. That is why, unlike the people in the EU countries, the topic of the currency exchange rate of the dollar to the hryvnia is very urgent for the population of Ukraine. And that is why it is very important in the Ukrainian economy for the currency rate to be flexible and for the range of this flexibility not to exceed 2-2.5%. As unlike in the EU countries, the flexible rate with the range of 8-10% would merely cause panic in Ukraine with this big amount of cash currency. That is exactly why the national Bank of Ukraine (the NBU) and the government conduct a balanced policy of restraining the fluctuation rate of the dollar to the hryvnia. Over the period January-November […]

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